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What Is Volatility Saying About The Macro Narrative?

What Is Volatility Saying About The Macro Narrative?

The macro narrative changed considerably over the last 12 months: from a transitory inflation shock to runaway inflation, from supporting growth and unemployment to fighting inflation, from liquidity injections and goldilocks to balance sheet reduction and the end of easy money. As a result, financial markets reacted sharply to this ...

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